Research conclusion
This week (February 21-february 25), the overall performance of the Beijing stock exchange was affected by external unstable factors, with poor performance: only 10 companies rose and 72 companies fell; The total weekly turnover was 5.875 billion, an increase of 405 million over last week; The overall median price earnings ratio (TTM) was 26.13 times, up from last week, and the median price to book ratio was 2.65 times, down from last week.
In terms of share price performance of industries and individual stocks, the gas, communication equipment, aerospace and national defense industries increased higher than other industries, and the median increases of individual stocks in the industry were 8.76%, 1.82% and 0.76% respectively; Software, composite utilities and biotechnology industries fell significantly, with the median decline of individual stocks in the industry being – 12.32%, – 8.43% and – 7.47% respectively.
In terms of individual stocks, the top gainers were Kaitian gas (831010. BJ), Jilin Carbon Valley (836077. BJ), Fujida (835640. BJ), Xingchen Technology (832885. BJ) and beiteri (835185. BJ). Among the top five enterprises, four belong to the military industry and energy industry. Affected by the external conflict between Russia and Ukraine, investors pay more attention to these two industries. In addition, Kaitian gas, Jilin Carbon Valley, Fujida and Xingchen technology released the performance express of 2021 or the fourth quarter of 2021 respectively in the middle of the week, with strong performance. Among them, Fujida expects a net profit of 102 million in 2021, a year-on-year increase of 48.87%.
The top decliners were digital people (835670. BJ), WEIMAO Electronics (833346. BJ), Northland (430047. BJ), Tonghui information (430090. BJ) and Gaishi food (836826. BJ). WEIMAO Electronics was a new share listed this week. Although it rose 37.56% on the first day, its share price fell sharply in the following days. Digital man and Northland released their annual performance express for 21 years this week, with a large year-on-year decline.
In terms of industry valuation, the industries with the highest price earnings ratio are software, composite utilities, aerospace and national defense, with price earnings ratios (TTM) of 67.76, 52.12 and 48.99 times respectively; The industries with the highest price to book ratio valuation are biotechnology, software, aerospace and national defense, with price to book ratios of 10.27, 5.94 and 4.98 times respectively. The P / E ratios of commercial services and supplies, franchised retail biotechnology industries are low, which are 15.95, 15.24 and – 3.12 times respectively. The P / b ratios of auto parts, commercial services and supplies and chemical industries are low, which are 1.77, 1.62 and 1.53 times respectively.
Follow up of important announcements of listed companies on the Beijing stock exchange: (1) institutional research. This week, Kodak automatic control (831832. BJ) obtained 15 institutional investors’ research by means of on-site meeting; (2) Performance forecast: digital people (835670. BJ) released the performance forecast of the annual report for 21 years: the net profit was about 157833 million yuan, a year-on-year decrease of 45.71%.
In terms of new share listing: there is a new company listed this week: (1) WEIMAO Electronics (833346. BJ), with an issue price of 9.00 yuan / share and an issue price earnings ratio of 28.25 times. It belongs to the plastic parts manufacturing industry under the industry classification of the CSRC, with an industry PE of 47.77 times. Its main business is the production of all kinds of electronic harnesses, injection molding products, inductive coils PCBA electronic circuit board and agent sales of world brand connectors.
Risk tips
I. a major shift has taken place in the policy of the Beijing stock exchange
II. The listed companies of the Beijing stock exchange have the risk of financial irregularities
